Strange but True Tales of Car Collecting by Keith Martin
Author:Keith Martin
Language: eng
Format: epub
Publisher: MBI
Published: 2013-08-23T16:00:00+00:00
DEALER STATUS CAN BACKFIRE
The dealer argument rings another warning bell for collectors. Was House really a car dealer trying to buy cheap insurance—or was he just another collector who thought he could avoid sales tax by getting a dealer license? We will have to wait for the trial to learn the answer. But it does seem logical that if it is proven that House was actually a dealer trying to insure his inventory cheaply, the policy would have been procured by fraud and the insurance company can cancel it retroactively.
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